A post shared by Yusaku Maezawa (@yusaku2020) on May 18, 2017 at 5:33pm PDT

This breathtaking painting has just launched Jean-Michel Basquiat into the annals of history as the most valued American artist to date – and museum-goers around the world will soon have the chance to see it for themselves.

This 1982 skull painting called Untitled was auctioned off on Thursday night for the most amount of money ever spent on an American work of art: a jaw-dropping $110.5 million.

The buyer was later revealed on social media to be Japanese billionaire and art patron Yusaku Maezawa.

“I am happy to announce that I just won this masterpiece,” says Maezawa. “When I first encountered this painting, I was struck with so much excitement and gratitude for my love of art. I want to share that experience with as many people as possible.”

The 44-year-old art tycoon, who has been a self-declared Basquiat zealot for years, plans on loaning the painting to museums around the world so that he can share the masterpiece’s beauty with enthusiasts everywhere.

The painting that was previously the most valued U.S. work was an Andy Warhol painting titled Silver Car Crash, which sold for $105.4 million – now, after this week’s auction, Untitled has not only become America’s most valued masterpiece, but it has also become the sixth most valued painting in the world.